GREY:POSRF - Post by User
Post by
cashyon Nov 18, 2012 2:14pm
490 Views
Post# 20615270
Cheer Up
Cheer Up more cash,new management.......
- Successful closing of a recent $6.5-million fundraising demonstrates strong investor support for the new executive and non-executive team;
- New non-executive chairman, chief executive officer and non-executive director appointed to the board as part of this fundraising and restructuring;
- Significant reduction and rationalization of corporate expenses already achieved with additional potential savings targeted in the near term;
- Chepica mine successfully increasing production and revenue. Revised Chepica mine design and production plans have been put in place intended to sustain higher production;
- Key items of capital equipment identified and being ordered to help achieve revised production targets at Chepica;
- New imminent Chepica exploration drilling program;
- Review of all current joint venture agreements and 100-per-cent-owned licences in order to minimize holding costs;
- New highly prospective copper exploration target identified north of the Melisa target at the Montezuma property.